Arkham Intelligence marks about 45,000 bitcoins in relation to Movie2K pirates that have not been moved since 2019. It is a discovery that raises a new question about what was missing when the German authorities handled the previous seizures.
At the current price, this coin is worth almost $ 5 billion and monitored Berlin’s choice last year.
Arkham tracks 2K Holdings dormant films
According to ARKHAM, ignorant dormant ignorance is sitting in more than 100 wallets connected to Dufable Movie2K sites. According to the report, the Movie2k operator was arrested in 2019 and the German authorities recovered almost 49,858 BTC in January 2024.
The coin was later sold in June and June 2024. However, the newly identified 45,000 BTC has not moved since 2019, which proposed the control of the same operator rather than national custody.
Breaking: Arkham identifies 5B BTCs that the German government has not seized.
The German police confiscated 49,858 BTC from Movie2k operator, a film illegal cloning website in early 2024. In July 2024, the government sold $ 2.89B of $ 57,900 for $ 2.89B.
that is… pic.twitter.com/l0w0okdu0h
-Arkham (@arkham) September 5, 2025
The government has sold the previous price at an affordable price.
Based on the report, a seizure near 49,860 BTC in January 2024 was cleared at an average of $ 57,900, generating about 26.4 billion euros or about $ 29 billion.
Germany defended the movement with a warning of “more than 10% of the value loss” if the coin stays longer.
After the market price rose, Bitcoin reached a record high of more than $ 123,000, making it a raw number, which missed the initial sales.
Legal and technical obstacles remain
A new discovery does not mean that the wallet can be automatically taken in the state. Legal action is required to prove ownership and to secure court orders.
There is also a technical problem: Dormy keys, complex custody chains, and borders can all be slow or blocked.
Analysts can recover in some cases, but they are almost not fast or simple. If another large trench of coin must move to the market, it can cause pressure similar to what we saw after mid -2024.
Discussion on the amount of Bitcoin reserves
Germany and Bitcoin supporters, Joana Cotar, wrote a public letter calling for inventory. She argued that holding Bitcoin confiscated by sovereignty can generate much more profits for the country.
At the same time, Joachim Nagel, chairman of Bundesbank, warned that Bitcoin was highly volatile and compared tulip mania with tulip mania, a financial foam in the Dutch republic in the early 1600s. It is often called the first recorded speculative bubble in history.
Other countries also had a different way. According to the report, El Salvador recently moved $ 667 million from Bitcoin to 14 wallets, protecting the risk of bilateral risks by maintaining its own state in the blockchain.
Chart of TradingView, the main image of Unsplash
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